#incometax Tag

Why UAE NRIs Don’t Pay Capital Gains Tax On Mfs In India

Non-resident Indians (NRIs), particularly those residing in the United Arab Emirates (UAE), enjoy significant tax benefits on their investments in mutual funds (MFs) in India. These benefits stem from a Double Taxation Avoidance Agreement (DTAA) signed between India and the UAE, providing relief from capital gains taxation. However, navigating these benefits requires a thorough understanding...

7 Reasons Why You Can Get A Income Tax Notice

Common man panics whenever there is any notice from Income Tax department and runs to tax consultant. But most of the notices are just in form of intimation or reminder, where responding within required time limit is the key. Now we will look at 6 major reasons for which you may get notice from Income Tax Department. You have not filed the income tax return Income Tax department is...